Friday, August 12, 2011

Homebuying Downtown

Recently, the Wall Street Journal reported on a study by Fiserv identifying Tacoma as the best place to buy a home over the next two years:

"Despite the gloomy picture for the national economy and housing market, residents of [Tacoma], on Washington's Puget Sound, are in for a 25% increase in home prices by spring 2013...David Stiff, Fistserv's chief economist, says cities like Tacoma and Seattle have strong, diverse economies and should fare well over the next two years."

In addition to the prospect of increasing property values, Downtown On The Go has developed additional buyer incentives that could reduce the cost of buying downtown by several thousand dollars by partnering with businesses providing reduced closing costs and down payment assistance.

If owning a home isn't right for you, Downtown On The Go's "Live Downtown" program has also teamed with rental properties offering discounted rents of $100-200 per month.

Visit Downtown On The Go's website for more information on these great opportunities.

UPDATE (3:30PM):
Also of note, the Puget Sound Business Journal just reported that "mortgage rates fell to new lows this week. Freddie Mac says a 30-year fixed-rate mortgage fell to an average of 4.32 percent."

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